Explain two disadvantages of specialisation.

Vulnerability, whether it be an employee, firm or country who specialise, producing only one good can be a risk if that industry were to collapse. An example of this is the increase in unemployment in the south of England resulting from deindustrialisation.Quality of output may in fact decrease as repetition can cause boredom and workers may start to make mistakes.

KE

Related Economics GCSE answers

All answers ▸

A football club raises all stadium seat prices by 5%. The demand for seats falls by 1% in zone W, by 3% in zone X, by 5% in zone Y and by 6% in zone Z. In which zone is the responsiveness of demand for seats to the price change elastic?


Explain why house prices fell during the 2008 financial crisis.


Evaluate the case that economic growth is always beneficial to a country


Evaluate the use monetary policy to aid the economy's recovery just after a recession.